I am with the idea of a major pull back being a possibility also. However, I think it will only be temporary (2 months or less). (I am believer in the "the silver market is rigged to the downside" camp). This may not be rational, but it helps keep me from being un-nerved by a market that can fluxuate by several dollars in the past.
Maybe, but what if it hits 40-50 and then crashes ? And even if it crashes at say $25-30 will it settle at $20-22. I followed this for a lot of years and will only say one thing for certain. If you hit right, you win, miss it and maybe not so much. A lot of experts have lost a lot of money in PM's although perhaps not the Hunt brothers ? We all know it will make adjustments, but the biggest question of all is WHEN ? gary
If these were typical times I would agree, but considering the current economic climate I am not sure It will drop. With the Fed calling for a new round of Quantitative easing, the governments declared intention of allowing the Dollar to drop 20-40% against the other currencies and the other world governments waging a "currency war" to stop the dollars fall, these are truly uncharted waters we are heading into.
Nope....no major dip this time. Here`s a short & concise version as to why. No legit substitutes for silver in industry. (done far too much research into this) Silver is being developed in future applications as well....Water purification, reflective mirrors, (roughly 250 million square feet of silver is used every year in reflective windows in the U.S.) anti-bacterial devices, a superior replacement for lithium batteries etc. Too much demand on an investment level. More people are realizing that silver is a bargain compared to gold. The China factor.....They have been gobbling up the PMs, for industry and investing. (This past year they made it legal for their citizens to own silver) They have seen an increase in the demand for silver jewelry because of gold being at an all time high. Sure We all have Our opinions, and I as well others could get burned by a major drop in the PMs, but I don`t see it happening....especially with silver. Oh....and did I mention a wonderful U.S. economy with a really strong dollar to go along with it? : )
I agree that with the opening of the private ownership of PMs in China that the demand was greatly increased. I think it affected gold the most, but Silver was along for the ride. I believe taking a small profit each week while on the upswing is the safest strategy. IMHO gary
I agree with the overall sentiment here. Most people have a lot of uncertainity of the future, and who can blame them. I see gold and silver continuing a steady rise simply due to the fact that so far there has not been any good news, trends, etc. to turn it around.
I've always said that the price of silver has always stayed the same, its the value of the dollar that changes. And I dont see the dollar being worth a hoot for a while.
